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My fiancé is divorced and lost his house to foreclosure. He has a bad credit history including bankruptcy. When we marry what are the pros and cons of my taking his name? My credit is pretty good – good enough to buy a $132,000 home two years ago. I’ve heard that marrying and taking their name is a huge mistake if there are credit problems. Can you advise, please?

Taking your new husband’s name will not cause your credit histories to be merged It isn’t your name that impacts your credit history. It i

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Regular use of good credit practices can help keep you out of a financial black hole. With wise use of your credit, you can build a strong credit history which will serve you for many years to come.  The end result: you will be able to qualify for a variety of loans at reasonable interest rates.  These might include a mortgage for your dream home, an auto loan for your new ride, personal lines of credit for remodeling or emergencies, and credit cards for everyday use. Below are some relatively easy steps that can help you achieve this.

Shop for the best interest rates and terms available when choosing a credit card or loan. This will save you a lot of money in the long run. Pay you bills promptly (and before the due date) to help you avoid late fees and keep finance charges to a minimum. Always try to pay more than the minimum amount due each month to decrease the total amount paid and the length of time that it takes to pay it off. F

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